The company told the Australian Stock Exchange this morning that the mobilisation of Ensign Rig 5 to its 100% owned and operated Waggamba gas condensate field in Surat-Bowen Basin permit PL 202 has been delayed due to rain and wet ground.
The company now expects the Waggamba-1H well to start drilling next Tuesday, July 25, and be completed by August 3 on a trouble-free basis.
The Waggamba-1H well will be drilled under balanced with a polymer mud system laterally for up to 300 m.
Meanwhile, Mosaic says it has entered a rig-sharing agreement with Ausam Resources and Sunshine Gas to use the Australian Drilling Services (ADS) Rig 6.
The rig is expected to become available to Mosaic mid-August to drill in PL 119/Bainbilla Block in southeast Queensland.
